Accepting Credit cards?

[tek9]

We use Intuit Go Payment. We stopped using square because of how the transaction came into our bank account. It throws off quickbooks. Square takes the money out before they deposit it to your account. If you want to keep your books balanced correctly avoid using square. With the Go Payment, the full amount is deposited, and then a separate transaction is done where they take their merchant fees.

Why can't you record it in Quickbooks the same way for Square?
Just apply the full payment to the customer's invoice, then when making the deposit in QB, add a line for Square with a negative amount for the merchant account fees, and the deposit should equal Square's deposit amount.
That's how I do it, anyhow.

 

[DocGreen]

Why can't you record it in Quickbooks the same way for Square?
Just apply the full payment to the customer's invoice, then when making the deposit in QB, add a line for Square with a negative amount for the merchant account fees, and the deposit should equal Square's deposit amount.
That's how I do it, anyhow.

Tek9 is right. This is the proper way to do it according to Intuit, and should prevent Quickbooks from being off.

 

[Scoobaru]

It's only ok for MasterCard, use visa and its virtually a manual method using the clients phone or pc. We are so behind in UK on this its unbelievable to think we are in 21st century.

Our card reader has arrived and not only does it take Visa, Amex, Mastercard and Diners etc. but there's a £20 voucher enclosed to offset against your fees for the first year.

I was a bit miffed I didnt take up the initial offer for a free reader at Christmas but at least this offsets the £20 cost.

In your account there is the option to upload your products with an image for easy reference. I've uploaded a hatful of our products to make it easier on the road.

Will let you know how we get on if you're interested?

 

[DCGPX]

Our card reader has arrived and not only does it take Visa, Amex, Mastercard and Diners etc. but there's a £20 voucher enclosed to offset against your fees for the first year.

I was a bit miffed I didnt take up the initial offer for a free reader at Christmas but at least this offsets the £20 cost.

In your account there is the option to upload your products with an image for easy reference. I've uploaded a hatful of our products to make it easier on the road.

Will let you know how we get on if you're interested?

I am, however are you sure that it takes visa ok? According to the site it takes visa but still needs client to access it via smartphone or pc to complete the transaction, so has this changed ?

 

[Scoobaru]

I am, however are you sure that it takes visa ok? According to the site it takes visa but still needs client to access it via smartphone or pc to complete the transaction, so has this changed ?

Not yet but it's done via a text message. I ran a test payment to my phone and it was a doddle. You even get the option to send the client an email receipt.

Not saying this is perfect but at least we can take payments on the road.

 

[DCGPX]

Now that sounds better than how they put it on their FAQ so might be worth looking at now, last cc I did on PayPal for £95 cost me £3.25 in fees!

Sent from my RM-821_eu_euro1_342 using Board Express

 

[joydivision]

I did a bit of research into Izettle, but found nobody many people will be willing to put their card into a mobile phone. It looks like for me if I want to take card payments I will need a proper 3g chip and pin machine. Not worth the cost, will have to stick with cheques

 

[Scoobaru]

Now that sounds better than how they put it on their FAQ so might be worth looking at now, last cc I did on PayPal for £95 cost me £3.25 in fees!

Sent from my RM-821_eu_euro1_342 using Board Express

Over all I still think this system can be moved on a hell of a lot further but at least it's step in the right direction for the UK. For a small outlay it certainly helps me out no end.

I did a bit of research into Izettle, but found nobody many people will be willing to put their card into a mobile phone. It looks like for me if I want to take card payments I will need a proper 3g chip and pin machine. Not worth the cost, will have to stick with cheques

TBH I think like most things if you show them and just do it confidently there isnt a problem. I just ask card or cash? I make mention of how Apple stores work and the woman just said "Ahh ok hasnt technology moved on?"
Card in payment taken.

 

[DCGPX]

I did a bit of research into Izettle, but found nobody many people will be willing to put their card into a mobile phone. It looks like for me if I want to take card payments I will need a proper 3g chip and pin machine. Not worth the cost, will have to stick with cheques

Must be your end of the world! Never had a problem with people entering details into my iPad via PayPal. They happily read details out to me, don't even touch their card.

I'd prefer the dongle though so its more secure looking but not sure it's a going to make a difference from a client perspective !

It's purely a fee thing for me regards extortionate PayPal ! It's an eBay tax !

 

[Scoobaru]

Agree with you on the "Ebay tax."
PayPals fees just appear to be forever creeping upwards

 

[DCGPX]

Just out of interest, how many cards other than Visa do you do?

Not one person has ever offered anything other than visa debit/cc my end.

Thinking about it, now that you can charge for PayPal fees in UK, I might just start adding it.

 

[Scoobaru]

Believe it or not for the last 7yrs we have got away with NO card payments!
The only reason I wanted this option was because more Customers are
asking if we take cards?

I know plenty of our existing customer base that would pay by card given the option, especially as cheque books are on the wain.

Now couple that with Remote Support and MSP and really we have no choice.

I'm pretty sure most people have Visa as opposed to Mastercard.

 

[carrcomp]

Square has finally come to Canada.

I ordered my card reader tomorrow ... worse case scenario I lose the payment processing fees for the payments I take and cancel if I don't like it.

I think it'll work out pretty well though.

 

[pceinc]

Doesn't half wind me up this type of topic ha ha !

Here in uk we are so neglected on choice compared to you USA guys!

God knows the hoops to jump through its not worth it, we have virtually no add ons for smartphones like you do !!

Yes but you lot can turn on football anytime you want. I have to watch crappy internet streams.

As far as CC processing goes, if you do a lot of CC processing, try to swipe cards as often as possible. This is a lower risk transaction with a lower rate.